Amazon reportedly in talks to purchase MGM, the film studio behind James Bond

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Amazon.com Inc. is in discussions to purchase MGM Holdings Inc, the studio behind the James Bond franchise, in response to a report Monday by The Info.

A deal might value Amazon
AMZN,
+1.47%

between $7 billion and $10 billion, The Info reported, citing an individual conversant in the state of affairs, noting that the standing of discussions is unknown and no deal could come of them.

Apart from Bond motion pictures, MGM owns an in depth library of flicks and TV exhibits, together with the “Rocky” franchise, “The Terminator,” “The Handmaid’s Story” and “Survivor.”

Apple Inc.
AAPL,
-0.93%

had beforehand been rumored to have been concerned about shopping for MGM, which began formally looking for a sale final yr.

An MGM deal would considerably bolster Amazon’s library for its Prime Video and free IMDB streaming providers, and will sign a brand new spherical of consolidation within the leisure trade, following Monday’s deal between AT&T Inc.
T,
-2.70%

and Discovery Inc.
DISCA,
-5.05%

to kind a brand new firm combining WarnerMedia and Discovery content material.

MGM is owned by a bunch of personal fairness funds.

Amazon shares are about flat yr up to now, however up 35% over the previous 12 months.

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